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20121101
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's not the american farmer. >> a poster child for the estate tax would be paris hilton, celebrity, but also hotel repair res. >> currently the federal government taxes estates worth $5 million and up at 35%. when the bush era tax cuts expire in january, rates increase to 55% on estates of a million dollars or more. while some republicans want to eliminate the death tax entirely, the president proposes a 45% rate on estates of $3.5 million and up. >> if we are burdened with millions of dollars of estate tax, it forces the breakup of ranches and farms and it's not good for the environment. it's not good for future generations and it's not good for america in general. >> he paid the irs $2 million when he inherited the ranch decades ago. come january, the tax burden on his children would be more than 13 million. critics say 97% of family farms could be affected by the tax increase. supporters disagree and they argue the tax is needed to tax unrealized capital gains that are handed down family to family. the point is, estate tax is just another boulder in the fiscal cliff prepared to fall. back to yo
in jerusalem. again, you just returned from paris and you say much of the talk was about what's going on in the middle east. >> absolutely. the group i was with was john bolton and it was quite a group of the we were talking about the iranian group that wants to see regime change in iran. they've just been delisted. and the reality is that's an option that we should be talking about. there are three option. option number one is negotiate and do some kind of detante like question with the soviets. two, is military attacks. both of those are bad. the third is, let's see if you can get a different regime. after all, we have a different regime in egypt. we have a new one in libya. we're going to have a new one in syria. a lot of questions about what's going to replace them. in iran, you probably could replace them with a pretty solid pro-western government if you did the right things. >> brian: kind of encouraged that president obama said he does have words of support for israel. >> they're getting bombed every day. and it turns out this has been going on for some time of the two, three a
Search Results 0 to 2 of about 3 (some duplicates have been removed)